Silver as an investment

Category Archives: structure

For The First Time Ever, The Richest 1% Own More Than Half Of The World’s Wealth, Or $140 Trillion

Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what has become the single biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in Swiss bank's infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash […]

How The American Dream Turned Into Greed & Inequality

Authored by Alberto Gallo via WEForum.org, The American Dream is broken. Paul Ryan, speaker of the House of Representatives, recently stated that "in our country, the condition of your birth does not determine the outcome of your life." Yet the idea that every American has an equal opportunity to move up in life is false. […]

Dow Closes Green: GE Crashes, Bitcoin Bounces, & Junk Bonds Suffer Record Outflows

Baahhhhh…   The day started off with the 4th down day in a row for Japanese stocks…the biggest drop since April.   It was quite a day for a few key assets… GE collapsed… Chipotle crashed then ripped back…   EM Debt has been pummeled…

Warnings From The “China Beige Book”

Authored by James Rickards via The Daily Reckoning, Leland Miller, a good friend of mine, is the founder and proprietor of an economic research service called the “China Beige Book.” The name “beige book” was borrowed from the surveys conducted by regional Federal Reserve banks of economic conditions in their regions. (In the days before […]

Record 95.4 Million Americans Are No Longer In The Labor Force As 968,000 Exit In One Month

In what was otherwise a mediocre jobs report, in which the establishment survey reported that a lower than expected 261K jobs were added to the post-Hurricane economy, the biggest surprise was not in the Establishment survey, but the household, where the unemployment rate tumbled once more, sliding to a new cycle low of 4.1%, for […]

Rental Insecurity: Survey Finds 1 In 5 American Renters Missed A Payment In Past 3 Months

A new survey conducted by ApartmentList.com recently found that Americans, despite historically low unemployment levels and surging stock indices which would both seem to suggest that ‘everything is awesome’, are having a very difficult time making ends meet.  Per the survey, some 20% of renters admit they were unable to make their monthly payments on […]

Globalization Is Poverty: “The Endgame Is Painfully Obvious”

Authored by Raul Ilargi Meijer via The Automatic Earth blog, Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy has […]

San Diego’s Deadly Hepatitis A Outbreak Turns “Statewide Epidemic” As “Outbreak Could Last Years”

A few weeks ago we highlighted the staggering outbreak of Hepatitis A in San Diego that had infected 400 people and killed more than a dozen.  The outbreak was first identified in early March, according to the county, and declared a public health emergency in September. But, as the LA Times points out, the hepatitis A […]

JPMorgan Updates By-laws In Case Of “Nuclear Disaster” Or World War III

In the most bizarre news of the day, Bloomberg’s Hugh Son noticed that in a late Thursday filing, the board of JPMorgan approved a series of revisions to the bank’s by-laws, including a particularly notable one: a new section defining what constitutes a quorum in an emergency resulting from “an attack on the United States” […]

Paul Craig Roberts Warns Americans: “Oligarchic Rule Prevails Regardless Of Electoral Outcomes”

Authored by Paul Craig Roberts, Do the Wall Street Journal’s editorial page editors read their own newspaper? The frontpage headline story for the Labor Day weekend was “Low Wage Growth Challenges Fed.” Despite an alleged 4.4% unemployment rate, which is full employment, there is no real growth in wages. The front page story pointed out […]